Target price to match value – Round number pricing
ORA pricing must
aim to create positive connotations that relate to product usability, convenience,
quality and affordability. Round number
pricing strategies are more fluently
processed and encourage reliance on feelings. The decision to purchase is
motivated by feelings and emotions, this makes it important for pricing
strategies to appeal to customer feelings and emotions.
http://www.strategy-business.com/blog/The-P sychology-of-Pricing-Customers-Prefer-Round-Numbers?gko=f4877
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